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Ericsson Eesti becomes Estonia’s largest manufacturing corporation

THIS PUBLICATION HAS 16 COMMENTS
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Where is esti=NO to tell us that NOTHING is manufactured in Estonia and that NO companies want to invest here? Reply to the comment answer
~@It's Pat [21.08.2012, 13:59]
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Another firm employing Estonian morons for peanuts. Reply to the comment answer
~estonian dumbass [21.08.2012, 15:12]
That's it? That's all you can say when what you have been preaching about for years is shot down in flames? Go ask momma for a hanky.
~@It's Pat [21.08.2012, 16:53]
Dependency on foreign companies is never a good thing. I am sure those Swedes can explain it to ya. If Ericsson decides to suddenly kick these people out because Chinese and Indian will do the work cheaper than where will these people go.
~listen up dummy [21.08.2012, 19:29]
Wow. Then tell your UK government to kick out all the foreign companies that have set up operations there if you really believe that tripe you are trying, oh so desperately, to shovel on all of us. At the start of the crisis, you were writing repeatedly about how Estonia needed foreign companies to create jobs here and now that it's done, you say it is bad.
~@It's Pat [21.08.2012, 21:00]
Are you seriously saying Honda will turn around tomorrow and say we're going elsewhere when they have been turning out top quality cars in Swindon, or Jaguar in Birmingham, or say Ilmor-Mercedes in Northants?

These are multi-mega zillion Euro ventures, not a quick factory install you can close tomorrow

The essential difference is, the UK actually MAKES stuff.

Your attempt to compare say steel manufacturing or car production in the UK with Estonian mobile phones subcontracted for Ericcy is literally PATHETIC!
~yea right! [27.10.2012, 13:45]
Now now propaganda guy dreams of Lada production in Eesti, so be nice.
~no no [27.10.2012, 16:05]
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I did some searching around for more numbers on the Estonian division, but either it's reported separately from the main Ericsson or they consolidate it too deeply in their annual report.

Talking about revenue doesn't mean much -- it's profits that count. The 66mln number is certainly a nice one. It's the margin that I'm not sure about. With such high revenues, the net profit margin is 5.3%. Is that good or bad for a manufacturing business? I don't know since I'm not familiar with them.

According to Ericcson's (parent company) annual report, they go for a target net margin of around 9%, but that's across the entire group which is more than just manufacturing.

The good thing about Ericcson in Estonia is a lot of the jobs are low-skilled jobs and there are plenty of low-skilled workers who need employment. The risk longer-term is that these types of jobs can be easily moved to other countries (and indeed in the annual report, it does state that Ericsson has plants in Brazil and India for example), or taken over by machines. Reply to the comment answer
~ameeriklane [22.08.2012, 14:16]
Dammit BBN, would you just give Ameeriklane his own weekly opinion article!

Les Nemethy is just a self-promotion BS text. Ameriklane actually says something of value!

Please, your content needs a boost, just use the resources you have.
~@ BBN [23.08.2012, 12:11]
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Thank you Ameerikanlane. It is good to have a grown up on the comments team. Reply to the comment answer
~Tartu potato head [23.08.2012, 11:13]
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At least when I worked at Ericsson over a year ago the numbers for the Tallinn-plant was indeed consolidated deeplt in their reports. For example the Tallinn plant was counted as a swedish subplant for internal purposes and all shipments from the Tallinn factory went through Swedish warehouses. Other plants in the world had direct delivery to customers.

Nevertheless the Ericsson Plant has contributed alot to boosting Estonias export figures, alas increaseing the importance of Sweden as trading partner. Reply to the comment answer
~Rootslane [02.10.2012, 16:54]
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~ganqing [18.10.2012, 18:10]
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~bibisuan [20.10.2012, 08:07]
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Billion euros, eh. Well this one can be correct since Ericsson obviously is not that global anyway after Sony gave them the boot. Reply to the comment answer
~history [27.10.2012, 12:54]
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